September 2017
Commercial Lending
Update: 25-Year Debentures Confirmed for SBA 504 Loans in 2018

The Small Business Administration (SBA) recently confirmed the issuance of 25-year debentures on the permanent SBA 504 second lien loans in 2018.

SBA Confirms 25-Year Debentures for 504 LoansPer the SBA, the 25-year product will be included in its upcoming Standard Operating Procedures (SOP) revision due out in October, but will not be available until after the first of the new year.

This structure has long been sought by the industry to match the terms for most first-lien loans in the SBA 504 loan product and to provide a longer-term option in addition to the existing 10- and 20-year loan products.

Improved cash flow is of vital interest to all businesses, especially those served by the SBA 504 Loan Program, and the longer maturity is a vehicle that will serve that purpose.

More information to follow as specific details become available.

For more information about SBA 504 loans in Florida, South Alabama or South Georgia, contact a Florida First Capital Loan Officer or email us at  Phone: 850.681.3601 or toll-free at 888.320.5504.